A Corporation generated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019
Q: Use this problem to answer the following requirements: Mabuhay Corporation generated these gross…
A: Current year sales at 2019 prices = Current year sales / (1- decrease in sales price %) = P1,944,000…
Q: The management of Bataan Corporation ask you to submit an analysis of the increase in their gross…
A: change in cost = Cost of sales in 2021 - Cost of sales in 2020=950,000 - 800,000=150,000
Q: Mabuhay Corporation generated these gross profits during the past recent years when the sales price…
A: The growth in sales is primarily driven by the growth in quantity and the growth in sale price.…
Q: A Corporation generated these gross profits during the past recent years when the sales price was…
A: 2020 2019 Sales P1,944,000 P1,900,800 Cost of Sales P1,152,000 P1,113,600 Gross…
Q: A Corporation generated these gross profits during the past recent years when the sales price was…
A: Standard costing in simple terms can be defined as a system in which the standard costs and revenues…
Q: Mabuhay Corporation generated these gross profits during the past recent ears when the sales price…
A: Mabuhay corporation 's Sales price was lower was 10% during 2020 compared to 2019. Decreased sales…
Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…
A: Calculation of Percentage Change in Sales Given , 2019 2018 Sales 810000 792000 The Sales…
Q: A company provided the following partial income statements and detailed information for the past two…
A: Profit per unit = sales - cost Profit per unit for 2021 = 375-165 = P210 Profit per unit for 2020 =…
Q: The following data for the years ended December 31, 2019 and 2020 were presented to the management…
A: Production costs refers to the total cost incurred by a business which is involved in order to…
Q: The following data for the years ended December 31, 2019 and 2020 were presented to the management…
A: Sales: Sales include a number of goods and services sold by the organization during their accounting…
Q: 1. This year’s total sales of Yui Inc. are P4,600,000. The following variances are determined: ·…
A:
Q: The following data for the years ended December 31, 2019 and 2020 were presented to the management…
A: Cost of sales: It is the total cost incurred in the production of goods. It includes cost of…
Q: Use this problem to answer the following requirements: Mabuhay Corporation generated these gross…
A: Gross Profit is defined as the income arrived at by deducting the cost of goods sold.
Q: The management of Bataan corporation asked you to submit an analysis of the increase in their gross…
A: The gross profit is the excess of sales revenue over cost of goods sold. The gross profit ratio…
Q: A Corporation generated these gross profits during the past recent years when the sales price was…
A: 2020 sales at 2019 price = 2020 sales / (1 - lower in sales price %) = P1,944,000 / (1 - 0.10) =…
Q: A company provided the following partial income statements and detailed information for the past two…
A: Volume variance = (Quantity sold in 2021 - Quantity sold in 2020) x Unit Selling Price in 2020
Q: 19. The following data for the years ended December 31, 2019 and 2020 were presented to the…
A: As you have posted multiple independent questions, we are answering the first question. Kindly…
Q: The following data for the years ended December 31, 2019 and 2020 were presented to the management…
A: We need to make an assumption to proceed further. Let us assume that the volume in 2019 was 1000…
Q: Mabuhay Corporation generated these gross profits during the past recent ears when the sales price…
A: Gross profit is the difference between the sales revenue and the cost of goods sold. Gross profit…
Q: pared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019…
A: Gross profit % = Gross profit ÷ Sales Gross profit is one of the operational performance…
Q: A company provided the following partial income statements and detailed information for the past two…
A: Price variance = (Unit Selling Price in 2021 - Unit Selling Price in 2020) x Quantity sold
Q: tems 20 through 24 are based on the following: The management of Bataan Corporation asked you to…
A: Let the sale price per unit for 2020 be 'P 100'.
Q: The management of Bataan corporation asked you to submit an analysis of the increase in their gross…
A: Variance:- When there is a difference in the budgeted amount and what actually produces or occur is…
Q: The following data for the years ended December 31, 2019 and 2020 were presented to the management…
A: Gross profit: It is the profit earned by the company after deducting cost associated with the…
Q: The increase (decrease) in net sales due to price factor is:
A: The increase (decrease) in net sales due to price factor is = 1363000 - 1250000 = 113000 (increase)
Q: The management of Bataan corporation asked you to submit an analysis of the increase in their gross…
A: Income statement:- Income statement is considered as the one of the main financial statement of the…
Q: The management of Bataan Corporation ask you to submit an analysis of the increase in their gross…
A: Gross benefit is the benefit an organization makes in the wake of deducting the expenses related to…
Q: In 2020 Coca Cola reported net operating revenues of P18.2 billion and cost of goods sold for P0.8…
A: Formula: Gross profit = Net operating revenue - Cost of goods sold
Q: The management of Bataan Corporation ask you to submit an analysis of the increase in their gross…
A: The sales volume can be defined as the total number of products sold by the firm in the given period…
Q: Jace Furnishings has $325 million in sales. The company expects that its sales will increase 8% this…
A: Current sale =$325 Million Growth rate =8% Expected Sale = Sale *(1+growth rate) = 325*(1+0.08)…
Q: A Corporation generated these gross profits during the past recent years when the sales price was…
A: Cost price is represented by Cost of Sales. Sales Volume in 2019 = P1,900,800 Sales Volume in 2020…
Q: The management requested you to determine the cause of the decline in gross profit on sales in spite…
A: Sales Volume variance is difference between number of units sold in 2022 and number of units sold in…
Q: ofit: 474,000. The management requested you to determine the cause of the decline in gross profit on…
A: Management might improve its overall profit margin by either increasing sales revenue or decreasing…
Q: The following data for the years ended December 31, 2019 and 2020 were presented to the management…
A: The increase (decrease) in net sales due to volume factor is = 194000
Q: The following data for the years ended December 31, 2019 and 2020 were presented to the management…
A: The sales revenue, cost of goods sold and gross profit are linked with each other. The difference…
Q: COMPARATIVE STATEMENTS Sikat Manufacturing Corporation Income Statement For the year ended Dec. 31,…
A: "Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…
A: 2018 2019 sales 792,000 sales 810,000 COS 464,000 COS 480,000 gross profit 328,000 gross…
Q: During 2020 Quail, Inc. had sales of $86,000. In addition, during 2020 Quail received $4,000 in cash…
A: Net sales means the amount of revenue earned and cost of goods sold means the cost of goods which…
Q: The management requested you to determine the cause of the decline in gross profit on sales in spite…
A: The quantity sold by the company is increased by 25%. This will put an upward impact on the net…
Q: Baryans Corporation provided the following partial income statements and detailed information for…
A: Sales Price Variance: It is the difference between what the business expected price for the product…
Q: The percent of increase (decrease) in cost price must be:
A: Calculation of Percentage Change in Sales Given , 2019 2018 Sales 810000 792000 The Sales…
Q: The management requested you to determine the cause of the decline in gross profit on sales in spite…
A: The gross profit of the company decrease inspite of increase in sales quantity and decrease in cost,…
Q: Chupapi Inc. has a gross profit ratio of 16.67 % for the year 2020. If Chupapi Inc. has gross profit…
A: Gross Profit Margin = Gross Margin for the year/Net Sales for the Year
Q: The increase (decrease) in net sales due to cost factor is
A: The increase (decrease) in net sales due to cost factor is= 911800 - 776000
Q: A company provided the following partial income statements and detailed information for the past two…
A: Volume variance = (Quantity sold in 2021 - Quantity sold in 2020) x Unit Selling Price in 2020
Q: For 2021, Hamilton Company had Sales of $5,700,000 and Cost of Goods Sold of $3,600,000. For 2020,…
A: Vertical analysis is one of the form of financial statement analysis,under which each item is being…
Q: Mabuhay Corporation generated these gross profits during the past recent ears when the sales price…
A: The profit a corporation makes after subtracting the expenses of producing and selling its goods, or…
Q: The Income Statement of ZZZ Company for the years ended December 31, 2020 and 2021 showed the…
A: SOLUTION FORMULAS- 1- SALES PRICE VARIANCE - (UNITS SELLING PRICE IN 2021-UNITS SELLING PRICE IN…
Q: The increase ( decrease ) in net sales due to volume factor must be
A: We need to make an assumption to proceed further. Let us assume that the volume in 2019 was 1000…
Q: Mabuhay Corporation generated these gross profits during the past recent ears when the sales price…
A: Given Information: Sales in 2020 - P1,944,000 Sales price is 10% lower in 2020
A Corporation generated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The decrease in gross profit due to decrease in selling price must be *
The sales volume variance must be *
P259,200 UF
P259,200 F
P216,000 F
P151,200U F
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Solved in 2 steps
- Mabuhay Corporationgenerated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The decrease in gross profit due to a decrease in selling price must be: The sales volume variance must be: The change in gross profit due to change in quantity sold must be: The change in gross profit due to change in cost price must be: The increase (decrease) in quantity sold must be:Mabuhay Corporation generated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The sales volume variance must be * P259,200 UF P259,200 F P216,000 F P151,200U F1) A Corporation generated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The sales volume variance must be P259,200 UF P259,200 F P216,000 F P151,200U F 2) A Corporation generated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The change in gross profit due to change in quantity sold must be * P151,896 UF P259,200 F P107,304 UF P107,304 F
- Baryans Corporation provided the following partial income statements and detailed information for the past two years: 2021 2020 Changes Sales P360,000 P192,000 P168,000 Cost of sales 158,400 96,000 62,400 Gross income 201,600 96,000 105,600 Unit selling price P150 P120 Unit cost P66 P60 Quantity sold 2,400 1,600 How much is the sales price variance? Refer to the case of Baryans Corporation. How much is the sales volume variance? Refer to the case of Baryans Corporation. How much is the cost price variance?Baryans Corporation provided the following partial income statements and detailed information for the past two years: 2021 2020 Changes Sales P360,000 P192,000 P168,000 Cost of sales 158,400 96000 62,400 Gross income 201,600 96,000 105,600 Unit selling price 150 120 Unit cost 66 60 Quantity sold 2,400 1,600 How much is the sales price variance? P72,000 unfavorable P57,600 unfavorable None of the other choices P72,000 favorable P57,600 favorable Refer to the case of Baryans Corporation. How much is the cost price variance? None of the other choices P14,400 unfavorable P57,600 unfavorable P14,400 favorable P57,600 favorable Refer to the case of Baryans Corporation. How much is the cost volume variance? P48,000 favorable None of the other choices…A Corporation generated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The decrease in gross profit due to decrease in selling price must be The change in gross profit due to change in quantity sold must be * P151,896 UF P259,200 F P107,304 UF P107,304 F
- Mabuhay Corporation generated these gross profits during the past recent ears when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The decrease in gross profit due to decrease in selling price must be * P216,000 P194,400 P172,800 P189,600Mabuhay Corporation generated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The increase (decrease) in quantity sold must be * 13.33% 12.00% 13.64% (7.95%)Use this problem to answer the following requirements: Mabuhay Corporation generated these gross profits during the past recent ears when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The decrease in gross profit due to decrease in selling price must be
- A Corporation generated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The decrease in gross profit due to decrease in selling price must be * P216,000 P194,400 P172,800 P189,600A Corporation generated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The increase (decrease) in quantity sold must be * 13.33% 12.00% 13.64% (7.95%)Chungkuyla Corporation generated these gross profits during the past recent ears when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The decrease in gross profit due to decrease in selling price must be P216,000 P194,400 P172,800 P189,600
